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Fly News Breaks for August 2, 2019
WCC
Aug 2, 2019 | 09:02 EDT
As previously reported, Northcoast downgraded Wesco to Neutral from Buy. Analyst Tom Hayes said Q2 results ran slightly ahead of expectations on solid operating leverage offset by softer gross margin and top line activity. Hayes sees ongoing pressure on revenue drivers given the recent tariff escalation, declining PMI globally, and likely peak pricing.
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